Debevoise & Plimpton LLP has advised Corebridge Financial, Inc. (NYSE: CRBG) in its public offering of 500,000 shares of 6.875% fixed rate reset non-cumulative preferred stock, Series A, with a liquidation preference of $1,000 per share for gross proceeds of approximately $495 million. The transaction marks the first preferred stock issuance by Corebridge Financial.
The Debevoise team was led by capital markets partners Eric Juergens and Paul Rodel and included associates John Jacob, Leor Leben and Amy Pereira and law clerks Tess Kim and Monica Fainshtein, tax partner Daniel Priest and associate John Nelson and employee benefits and executive compensation counsel Douglas Hirn.